Looking to balance out your exposure to ALB? The ETFs below have the lowest correlation with ALB — they tend to move on their own, which can help reduce risk when ALB drops. The stock ideas table highlights individual companies that behave independently from ALB.
Best Diversifiers for ALB
3 ETFs have low correlation with ALB (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.22, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.22 | 0.38 | 0.44 | 80 | Dividend | ALB vs SCHD | |
| iShares MSCI Austria ETF | 0.28 | 0.36 | 0.42 | 66 | Europe Equities | ALB vs EWO | |
| Vanguard Information Technology ETF | 0.29 | 0.35 | 0.44 | 76 | Technology Equities | ALB vs VGT | |
| Vanguard International High Dividend Yield ETF | 0.31 | 0.43 | 0.48 | 66 | Dividend, Foreign Large Cap Equities | ALB vs VYMI | |
| Sprott Physical Silver Trust | 0.32 | 0.27 | 0.24 | 79 | Silver, Precious Metals | ALB vs PSLV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALB and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.14, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.14 | -0.01 | 0.12 | 51 | Financial Services | |
| Walmart Inc. | -0.09 | 0.02 | 0.08 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.09 | -0.00 | 0.07 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.05 | -0.01 | 0.03 | 53 | Utilities | |
| The Williams Companies, Inc. | -0.05 | 0.12 | 0.23 | 66 | Energy |
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Build a portfolio that complements ALB
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